# Mtag Composites Limited (04383410)

> Why UK company 04383410 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04383410

- **Status:** Administration ended
- **Administration began:** 2024-07-12
- **Administrators:** Gareth Harris, Tyrone Courtman
- **Administrators' firm:** RSM
- **Incorporated:** 2002-02-27
- **Location:** Enderby
- **Industry:** 22290 Manufacture of other plastic products

## Why it went into administration

- Competition / price pressure
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract

## From the administrators' statement

Relevant extracts from the Company's financial statements and management accounts are summarised below.

Period ending 31 March 2022 | 31 March 2021 Turnover 6,205,469 4,977,728 Gross profit 1,049,566 1,073,229 Net profit / loss 321,589 1,186,274 Dividend paid 300,000 1,088,000

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04383410/filing-history/MzQzNDYyMzA3NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04383410

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.